Satconexion SL Contract Win
Avanti Communications Group plc (AIM: AVN), the broadband satellite operator, has signed a contract to supply wholesale broadband services to Satconexion SL of Spain. As a wholesaler (the entry level of contract for Avanti’s services), Satconexion has made a minimum order commitment of €100,000 but we expect to generate much higher volumes than this minimum commitment in the very attractive Spanish market. Satconexion will begin to buy Avanti’s products immediately, transferring customers onto HYLAS on launch.
David Williams, Chief Executive of Avanti, said: “We are very pleased with our accelerating momentum in signing distribution partners, which gives us confidence in meeting our pre-sales objectives. We now have 25 distribution partners in 10 countries in Europe with levels of commitment ranging from €100,000 to £9 million. Satconexion are a well established and respected company in our industry and we are delighted they have chosen our product.”